Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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LG to launch next G Pro line-up in February
LG Electronics Co., a South Korean smartphone maker, said Monday it plans to launch "the G Pro2" phablet in February, aiming to narrow the gap with industry leader Samsung Electronics Co.LG's awaited phablet, a cross between a smartphone and tablet PC, is expected to feature a wider screen and faster speeds compared to its predecessor, the G Pro, industry sources said. The next model is equipped with a 6-inch screen and Qualcomm's Snapdragon 800 processor with 3GB RAM and is powered by Google's
TechnologyJan. 27, 2014
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Samsung clinches patent deal with Google
South Korea's tech giant Samsung Electronics Co. said Monday it and U.S. Internet giant Google Inc. have agreed to share their intellectual properties and avoid necessary patent disputes, a step giving Samsung a much needed edge in an ongoing patent war, especially with U.S rival Apple Inc.Under the cross-license agreement, Samsung and Google will share their existing patents as well as those obtained over the next 10 years, allowing the two industry leaders to tap into deeper research and devel
IndustryJan. 27, 2014
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Samsung's spending on ads tops 2.8 tln won in 2012
Samsung Electronics Co., the world's largest maker of smartphones, spent some 2.8 trillion won ($2.59 billion) on advertisements in 2012, data showed Monday, the largest among local businesses.The South Korean tech giant's spending accounts for some 14.41 percent of the combined 19.2 trillion won spent by 482,574 registered companies in the country, the data by market researcher Chaebul.com showed.The latest figure also marked a near two-fold increase from 1.49 trillion won in 2011. Samsung is e
IndustryJan. 27, 2014
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S. Korean pension fund ups stake in midcap shares
South Korea's state-run pension fund has expanded its clout in the country's midcap shares last year, as it sought to buy undervalued but promising shares amid a lackluster performance of the local stock market, data showed Monday.The National Pension Service, the operator of the National Pension Fund, said the number of companies in which it holds a 10 percent stake or more rose to 34 at the end of last year, compared with 18 logged at the end of third quarter.Of the tallied firms, 22 companies
Jan. 27, 2014
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Seoul shares open lower on emerging market jitters
South Korean stocks started weaker Monday as Wall Street sharply declined on financial jitters in some emerging countries, analysts said.The benchmark Korea Composite Stock Price Index fell 35.97 points, or 1.85 percent, to 1,904.59 in the first 11 minutes of trading.Market leader Samsung Electronics fell 1.07 percent and top automaker Hyundai Motor shed 2.19 percent.The Seoul government said Sunday that the Federal Reserve's tapering of quantitative easing, along with the slowing economic growt
Jan. 27, 2014
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Samsung clinches patent deal with Google
South Korea's tech giant Samsung Electronics Co. said Monday it and U.S. Internet giant Google Inc. have agreed to share their intellectual properties and avoid necessary patent disputes, a step giving Samsung a much needed edge in an ongoing patent war, especially with U.S rival Apple Inc.Under the cross-license agreement, Samsung and Google will share their existing patents as well as those obtained over the next 10 years, allowing the two industry leaders to tap into deeper research and devel
TechnologyJan. 27, 2014
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Korean consumer sentiment hits 35-month high in January
South Korean consumer sentiment rose to its highest in nearly three years in January as the local economy showed signs of improvement, the central bank said Monday.The consumer sentiment index came in at 109 for January, up from 107 recorded for December last year, according to the Bank of Korea. The index is a gauge of consumers' overall economic outlook, living conditions and future spending.The index marked its highest level since it hit 109 in February 2011.A reading above 100 means that opt
Jan. 27, 2014
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[Newsmaker] Can former chip guru save KT?
Time has come for Hwang Chang-gyu to prove his ability to overcome a crisis as he officially takes the helm at KT, Korea’s second largest mobile carrier, Monday.Faced with a lackluster earnings outlook and negative public image due to a corruption scandal concerning Hwang’s predecessor Lee Suk-chae, not to mention an overgrown bureaucracy, Hwang will be expected to roll up his sleeves as soon as he takes office to start fixing the mess with a solid business plan for the future.KT is currently fa
TechnologyJan. 26, 2014
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Loans by phone get 2-month ban
Financial companies will be banned from promoting or selling loan products over the telephone or the Internet until March this year following measures aimed at preventing further leaks of personal information, authorities said Sunday. The extensive ban could be prolonged if necessary, they added.The move triggered immediate backlash from companies, but the government indicated that it would not back down until the financial security system is fully reinforced. “One of the key reasons behind the
Jan. 26, 2014
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Little change expected for Seoul shares this week
The South Korean stock market is expected to move sideways throughout this week from lack of clear momentum as investors gauge fourth-quarter corporate earnings and wait for the results of the Federal Open Market Committee meeting, analysts said Saturday.The benchmark Korea Composite Stock Price Index gave up 0.03 percent from the previous week to close at 1,940.56 Friday.Earlier in the week, Seoul shares managed to gather some headway, in part helped by China taking steps to inject more liquidi
Jan. 26, 2014
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Doosan Heavy pins hopes on U.K. deal
Doosan Heavy Industries & Construction is poised to sign a 3 trillion ($2.8 billion) nuclear power deal in the U.K. next month involving the maintenance of outdated nuclear plants.The move is now prompting market watchers to issue an optimistic outlook for Korea’s power heavyweight. “When the deal is sealed, Doosan Heavy, which has failed to meet its annual order target for two years in a row in 2012 and 2013, will be able to make a turning point in recovery this year,” Choi Won-kyung, a stock a
IndustryJan. 26, 2014
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Vehicle repair app maker Cardoc eyes expansion
Cardoc is set to further expand this year, having secured a significant number of partners in the automotive aftermarket and a high level of customer satisfaction for its services.The Korean venture firm, which provides auto repair cost estimates through its mobile Cardoc platform, seeks to grow through ties with repair shops in untapped provincial areas, such as Jeolla and Gangwon provinces. It is also lining up potential strategic investors, including Daum Communications, Korea’s second-larges
TechnologyJan. 26, 2014
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Weak yen hurting Korean exports to Japan: poll
The weak Japanese yen is clearly hurting South Korean exports to the island nation, a poll conducted by the country’s international trade organization showed Sunday.According to the survey on companies that ship goods to Japan, 95 percent claimed the unfavorable exchange rate is directly affecting their business operations, resulting in lower profits and a reduced market share, the Korea International Trade Association (KITA) said.Of the 301 companies that responded to the poll, 48.8 percent sai
Jan. 26, 2014
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Macan a great fit for Korea: Porsche
In Korea, where Confucianism still lingers and it’s safer to be conservative, sexy cars have yet to catch on in earnest despite a growing demand.Sales may be picking up, but it’s still rather rare to come across red-hot sports cars on the road since people seem content with buying and parking their goods in the garage, rather than flaunting them. In this sense, Porsche’s Macan series ― a compact crossover SUV ― seems to be a perfect fit for Korea. Armed with a rather affordable price and an unmi
MobilityJan. 26, 2014
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Toyota beats GM in 2013 as 10 million vehicles sold
Toyota Motor Corp. set a target of selling an unprecedented 10 million vehicles in 2014 after leading General Motors Co. and Volkswagen AG in global auto deliveries for a second straight year. Worldwide vehicle sales at Toyota, including deliveries from subsidiaries Hino Motors Ltd. and Daihatsu Motor Co., rose 2.4 percent to 9.98 million units last year, the Toyota City, Japan-based automaker said in a statement on Thursday. That compared with the 9.71 million units sold by GM and over 9.7 mill
MobilityJan. 26, 2014
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Kia Soul: Great eye candy, iffy performance
The moment I laid my eyes on the funky, two-toned 2014 Kia Soul hatchback, all I could think was “cute.” From its rounded boxy edges and red roof to the headlamps and grille that gave the car an unmistakably “toy-like” look, the Kia Soul was the ultimate synonym for “adorable.” The Soul got a heavy revamp this year, the first since its launch in 2008. Hoping to grab the attention of those who were already smitten with BMW’s Mini Cooper, the Soul was designed to cater to younger drivers, who Kia
MobilityJan. 26, 2014
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Kumho Tires wins third iF design award
Kumho Tires said Thursday that the company won Germany’s iF Design Award in the category of product design with its high-performance tires, the ECSTA PS91 and the ECSTA HS51.Designed to be equipped on high-performance super cars, both tires have checkered flag logos on their tread patterns and sidewalls and other design features that boast dynamism and sportiness, the company said. The iF Design Award carries 60 years of prestige and tradition and is regarded as one of world’s most renowned inte
MobilityJan. 26, 2014
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BMW aims for electric i3 price tag similar to 3 Series
BMW expects the new i3 electric vehicle to be priced in the U.S. similarly to a 3 Series compact car, the automaker’s top executive for the market said. “It will be in the ballpark of a normally” equipped 3 Series, Ludwig Willisch, head of BMW North America, said during a presentation at J.D. Power’s International Automotive Roundtable in New Orleans, which is being held in advance of the annual National Automobile Dealers Association convention.The four-door i3 small car, the first offering of
MobilityJan. 26, 2014
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Study: New Madrid fault zone alive, active
LOS ANGELES (AP) ― The New Madrid fault zone in the nation’s midsection is active and could spawn future large earthquakes, scientists reported.It’s “not dead yet,” said U.S. Geological Survey seismologist Susan Hough, who was part of the study published online by the journal Science.Researchers have long debated just how much of a hazard New Madrid poses. The zone stretches 300 km, crossing parts of Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.In 1811 and 1812, it
TechnologyJan. 26, 2014
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[Photo News] UAE power plant
IndustryJan. 26, 2014